Settings8H · net · $10k
Funding arb · Price arb /

PEPE

all PEPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0074%/8h= −8.1% APRnext payment $0.74 per $10,000 · paid last 24h +0.037%
Price spread now: Paradex against Phemex+0.013%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropParadex: Active · farm boardneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$2 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhemex u1000PEPEUSDT0.0000050990.0578pay 0.0578% / 8h1h 26m$2.4M$8.0M50x
ShortParadex kPEPE-USD-PERP0.0000051000.0504get 0.0504% / 8h1h 26m$6K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Paradex against Phemex. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$15.52
Price spread: +0.013% → 0.000%
$1.29
Slippage, 4 orders
no order book: not counted
Fee Phemex: 6 bp × 2 orders
−$12
Fee Paradex: 2 bp × 2 orders
−$4
Net
−$30.22
Costs to cover
0.160%
Break-even
never at this rate
Slippage unknown: Phemex: live order book, 2 min ago; Paradex: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Phemex live order book, 2 min ago0.49 bp13.6 bp −$1434.0 bp −$340doesn't fitdoesn't fit
Sell Paradex no order-book sample
Paradex: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

PEPE on 35 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective PEPE/USDC PERP−0.0016%1h0.000005086−0.261%$9K$120K12xas long as short
dYdX PEPE-USD0.0000%1h0.000005083−0.318%$19K$9510xas long as short
gTrade (Gains Network) PEPE/USDL +0.0006% / S −0.0008%1h0.000005077−0.429%$4K150xas long as short
Pacifica kPEPE+0.0100%1h0.000005101+0.033%$59K$181K10xas long as short
Bybit 1000PEPEUSDT+0.0100%8h0.000005098−0.025%$99.4M$419.1M50xas long as short
Gate PEPE_USDT+0.0100%8h0.000005097−0.045%$162.2M$97.2M75xas long as short
KuCoin PEPEUSDTM+0.0100%8h0.000005104+0.096%$25.9M$72.4M75xas long as short
Variational Omni 1000PEPE+0.0100%8h0.000005079−0.406%$595K$5.4Mas long as short
edgeX 1000PEPEUSDC+0.0100%4h0.000005095−0.093%$28K$541K20xas long as short
SunX 1000PEPE-USDT+0.0100%8h0.000005097−0.047%$2K$2.7M20xas long as short
Show all 35 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX PEPE-USDT+0.0100%8h0.000005089−0.208%$589K$4.2M75xas long as short
SoDEX 1000PEPE-USD+0.0188%1h0.000005095−0.084%$2K$11K10xas long as short
Reya kPEPERUSDPERP+0.0189%1h0.000005091−0.168%$8K15xas long as short
ApeX Omni 1000PEPEUSDT+0.0283%1h0.000005098−0.025%$154K$822K25xas long as short
Bitget PEPEUSDT+0.0288%8h0.000005101+0.041%$45.5M$215.7M75xas long as short
Orderly PERP_1000PEPE_USDC+0.0392%8h0.000005094−0.112%$34K$26K20xas long as short
OKX PEPE-USDT-SWAP+0.0408%8h0.000005100+0.014%$47.3M$724.0M50xas long as short
Backpack kPEPE_USDC_PERP+0.0423%1h0.000005101+0.037%$74K$859K15xas long as short
Kraken Futures PF_PEPEUSD+0.0458%1h0.000005094−0.097%$4.6M$16.5M50xas long as short
Paradex kPEPE-USD-PERPshort+0.0504%8h0.000005100+0.013%$6K20x
BloFin PEPE-USDT+0.0531%8h0.000005094−0.104%$4.5M$29.3M75xas long as short
Deribit 1000PEPE_USDC-PERPETUAL+0.0536%1h0.000005093−0.124%$73K$127K25xas long as short
Phemex u1000PEPEUSDTlong+0.0578%8h0.000005099long leg$2.4M$8.0M50x
Lighter 1000PEPE+0.0624%1h0.000005104+0.092%$608K$9.1M10xas long as short
Coinbase International 1000PEPE-PERP-INTX+0.0624%1h0.000005088−0.222%$684K$38.5M50xas long as short
01 Exchange kPEPEUSD+0.0656%1h0.000005115+0.308%$818$3K10xas long as short
BingX 1000PEPE-USDT+0.0727%8h0.000005103+0.065%$217.7Mas long as short
Nado kPEPE-PERP+0.0763%1h0.000005087−0.241%$164K$959K10xas long as short
MEXC PEPE_USDT+0.0766%8h0.000005102+0.055%$98.6M$304.9M300xas long as short
Aster 1000PEPEUSDT+0.0766%8h0.000005102+0.049%$1.7M$11.8M50xas long as short
Binance 1000PEPEUSDT+0.0767%8h0.000005102+0.057%$140.5M$1.46B75xas long as short
Extended 1000PEPE-USD+0.0768%1h0.000005100+0.005%$538K$280K25xas long as short
Aevo 1000PEPE-PERP+0.0768%1h0.000005095−0.084%$144K3xas long as short
Hyperliquid kPEPE+0.0943%1h0.000005108+0.171%$52.8M$156.4M10xas long as short
GMX PEPE/USD [ETH-USDC]L +0.1131% / S −0.2257%1h0.000005000−1.947%$63K100xas long as short